The Foundation grants a new loan to the MFI MEC FADEC

The Grameen Crédit Agricole Foundation granted a € 305,000 loan to the Senegalese MFI MEC FADEC over a three-year period. This loan, which has been granted within the framework of the African Facility, a scheme implemented in partnership with the French Development Agency (AFD), is the second one provided by the Foundation to this institution.

MEC FADEC, which was created in 1999 as a World Vision project and became a savings and credit cooperative in March 2000, aims at fighting poverty by organising and training its members and supplying adapted and diversified financial services in the areas of Kébémer and Louga.